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Barchart
Wajeeh Khan

Nike Plunges After Q4 Guidance Disappoints. Should You Buy the Dip or Stay Away?

Nike (NKE) stock crashed today after the footwear giant posted better-than-expected Q3 results but disappointed in terms of guidance, citing continued weakness in one of its key markets: China.

On the earnings call, management warned of another 20% decline in China revenue and $1 billion in projected tariff costs in the current financial quarter. 

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